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dimulka [17.4K]
3 years ago
7

Dan invests £3400 into his bank account.

Mathematics
1 answer:
ruslelena [56]3 years ago
5 0

Answer:

<h2>$4556</h2>

Step-by-step explanation:

Step one:

given data

Principal =£3400

rate= 5%= 0.05

time = 6years

Step two:

Required

The final amount A

A= P(1+r)^t

A=3400(1+0.05)^6

A=3400(1.05)^6

A=3400*1.341

A=$4556

after 6 years Dan will have $4556

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